WASHINGTON, May 19 -- The House Financial Services Subcommittee on Oversight and Investigations issued the following testimony by Michael E. Clements, director of financial markets and community investment at the Government Accountability Office, involving a hearing on May 11, 2023, entitled "Oversight of Silicon Valley Bank and Signature Bank: GAO's Preliminary Review":

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I am pleased to be here today to discuss preliminary findings from our April 20 . . .

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